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, no he raised taxes. did ronald reagan raise or lower taxes? >> he cut the highest tax rates. you want to look at rates from 70% to 28%. now, is that a good enough tax cut for you? >> eric: what happened? >> we had great growth. when the tax cuts took effect, we phased in the tax cuts but when they took effect, it went like a rocket ship. we had 7.35% in 1983 and 5 1/2 in 1984. >> eric: and the tax receipts increase? >> there is some guys curve -- i don't know who the heck it is. we have the highest corporate tax rates in the world and one of the lowest tax revenues. go figure. >> eric: they were spinning all this different directions. do we have it? the g.d.p. report it's negative growth time. how about this one. despite lousy g.d.p. report u.s. economy is primed to expand. it didn't look like it to me. good news in a bad g.d.p. report. good or bad? >> it's ridiculous. we have had --, no, i don't think so. we've had the worse single recovery in the history of the u.s. in fact the recovery is much worse b
, no he raised taxes. did ronald reagan raise or lower taxes? >> he cut the highest tax rates. you want to look at rates from 70% to 28%. now, is that a good enough tax cut for you? >> eric: what happened? >> we had great growth. when the tax cuts took effect, we phased in the tax cuts but when they took effect, it went like a rocket ship. we had 7.35% in 1983 and 5 1/2 in 1984. >> eric: and the tax receipts increase? >> there is some guys curve -- i don't know who...
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but something like corporate tax reform. that would lower the tax rates, close the loophole an bring the $2 trillion that charles is talking about. something not simple but leadership to reduce the debt. the president hasn't shown that leadership. i was at the world economic forum in davos. turkey was there. turkey of all places got their fiscal house in order and the economy is taking off. the way the debt is right now is a drag onbe this economy. the same way it's a drag on all the advanced economies. you've got to address this. i am troubled that the mantra out of democrats is debts don't matter. >> bret: right. here is how the republicans responded. house majority whip kevin mccarthy saying that the house continuously passed legislation to grow the economy. address washington spending problem and provide responsible solutions to anemic growth that plagued the economy over the last four years. with the legislative solutions have been met with silence in the senate. he goes on to for the senate and the white house to start
but something like corporate tax reform. that would lower the tax rates, close the loophole an bring the $2 trillion that charles is talking about. something not simple but leadership to reduce the debt. the president hasn't shown that leadership. i was at the world economic forum in davos. turkey was there. turkey of all places got their fiscal house in order and the economy is taking off. the way the debt is right now is a drag onbe this economy. the same way it's a drag on all the advanced...
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taxes have not really gone up. we have had the bush tax cuts right now for a decades. the not stimulated the economy in the way republicans say they would. i think there's a real debate to be had here. we have to be honest about the fact that the deficit is not the immediate issue. >> what does this do to the push that the president wants and some other democrats want for more tax hikes? they want to close hoop holes which is the tax hike. the president was saying when we were struggling and in a recession now is not the time to raise taxes. this is the worst we have been since we came out of that recession. hoping for a one-percent growth which is an nehm mick. instead of growing it's like we lost weight instead of growing weight. you run a gain rate every year. >> he is going to press for more that he canses. this is not about restructuring the sucht economy if you look at the last of the second half. every single time congresses of both taerts weather they are jqk or george w-bush. you can-- every time you raise taxes you shrink this. he's interested in the wealth r
taxes have not really gone up. we have had the bush tax cuts right now for a decades. the not stimulated the economy in the way republicans say they would. i think there's a real debate to be had here. we have to be honest about the fact that the deficit is not the immediate issue. >> what does this do to the push that the president wants and some other democrats want for more tax hikes? they want to close hoop holes which is the tax hike. the president was saying when we were struggling...
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going to take some of the pathetic questions that ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good decisions. like esurance. their coverage counselor tool helps you choose the right coverage for you at a great price. [ stomach growls ] without feeling queasy. that's insurance for the modern world. esurance. now backed by allstate. click or call. ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ starting at $37,800. the words are going this way-there's no way. oh, the lights came on. isn't technology supposed to make life easier? at chase we're pioneering innovations that make banking simple. deposit a check with a photo. pay someone with an ema
going to take some of the pathetic questions that ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good decisions. like esurance. their coverage counselor tool helps you choose...
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republicans say you cannot tax the wealthy enough to make a dent. a leading senate republican says president obama has talked a good game but has not delivered. >> when it comes to reducing the debt as we would say out in the west, the president has been all hat and no cowboy. in other words, he has been all talk and no action. what we have seen over the past four years as trillion-dollar deficits every single year, the debt has ballooned by 50% and so the president's record and his rhetoric just don't match up. >> republicans say democrats got their tax increases part of the fiscal cliff standoff. the final settlement and now many republicans are saying new taxes are off the table, bill. >> bill: what are democrats saying about the strong possibility, mike, that these cuts to defense spending may go into effect after all. >> well, democratic leader harry reid said that next week senators were going to sit down and talk about alternatives to those cuts to domestic and defense spending. today senator reid hinted at more taxes. >> remember, the americ
republicans say you cannot tax the wealthy enough to make a dent. a leading senate republican says president obama has talked a good game but has not delivered. >> when it comes to reducing the debt as we would say out in the west, the president has been all hat and no cowboy. in other words, he has been all talk and no action. what we have seen over the past four years as trillion-dollar deficits every single year, the debt has ballooned by 50% and so the president's record and his...
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he may be ru officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>. >> greta: scenes of devastation in australia. forcing thousands to flee their homes and killing four. many tornadoes lashing large parts of queensland. helicopters getting people from rooftops and people caught in the flash flood. it's also disrupting air travel. now, to our favorite social media moment of the day. oprah winfrey and george clooney. first oprah tweeting, thanks everybody with your birthday wishes. no plans to leave pj's all day. and oprah tweeted out in her birthday suited but in her pajamas. george clooney, movie star is picking up a restaurant tab at a nearby restaurant. the party was too loud so he paid the other man $134 bill
he may be ru officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>. >> greta: scenes of devastation in australia. forcing thousands to flee...
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in a moment here, what if your governor wanted to give your money back in taxes? he said the state already has enough of it. a close look at a surprising proposal in a moment. martha: nick wallenda does it again. looks like he is going for a walk in the park in his blue jeans. no tether, waving to the crowd, blowing kisses, 200 feet above the road in florida there. we'll talk to him. what do you do? what do you put into your head to allow yourself to get up there. we'll be right back. >> it is uncomfortable, of course. all about the training. that i did my entire life and training for niagra falls of course pays off. [ whistle blows ] hi victor! mom? i know you got to go in a minute but this is a real quick me, that's perfect for two! campbell's chunky beef with country vegetables, poured over rice! [ male announcer ] campbell's chunky soup. it fills you up right. martha: so all sides clamor for the lead on immigration reform right now, president obama laid down his marker on this issue in las vegas yesterday. take a look. >> we all agree that these men and women
in a moment here, what if your governor wanted to give your money back in taxes? he said the state already has enough of it. a close look at a surprising proposal in a moment. martha: nick wallenda does it again. looks like he is going for a walk in the park in his blue jeans. no tether, waving to the crowd, blowing kisses, 200 feet above the road in florida there. we'll talk to him. what do you do? what do you put into your head to allow yourself to get up there. we'll be right back. >>...
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so let's give the money back to the people who paid the taxes. what an idea? rather than, as is typical in many state houses and in our federal government, if off bunch of money left over at the end of the year, they're going to blow it anyway. instead, what they're saying in texas is this. listen. >> the state of our state is stronger than ever. you have realized a simple truth. the bureaucracy doesn't stimulate the economy. it just gets in the way. today i'm calling for a mechanism to be put into place so that when we do bring in more than we need, we'll have the option of returning tax money directly to the people who paid it. >> steve: that's great. >> gretchen: it was actually amazing since most states are so cash strapped that they're actually thinking about filing for bankruptcy. the idea that texas, that has no state income tax, would be in the situation. there are other articles written saying that governor perry doesn't have this kind of money to give back to the taxpayers, but that's what he's saying. >> brian: he says a portion will be tax relief,
so let's give the money back to the people who paid the taxes. what an idea? rather than, as is typical in many state houses and in our federal government, if off bunch of money left over at the end of the year, they're going to blow it anyway. instead, what they're saying in texas is this. listen. >> the state of our state is stronger than ever. you have realized a simple truth. the bureaucracy doesn't stimulate the economy. it just gets in the way. today i'm calling for a mechanism to...
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turns out you the tax payer you got a terrible deal. those details when we come back. >> plus what happens to a building when the earth be row it disappea -- below it dispier. >> welcome back. 45 after the hour. let's span the globe to see what's in the headlines overseas. money head to do the war torn country. president obama says that additional humanitarian money will be used for food and clean water. now to china. a massive sink hole swallowing up a huge building complex. that hole over 3,000 square feet and 33 feet deep. under ground construction on the subway line likely to blame. incredibly no one was hurt. >> thank you, heather. initial estimates for the taxpayers for the financial bailout at $22 million. estimates show the loss is even bigger. fox business network diane macedo has more. >> the inspector general for the asset release program says in the new report taxpayers stand to lose $27 billion from the 2008 financial bailout. 5 billion more than estimated in the fall. why the increase? according to the report the treasury
turns out you the tax payer you got a terrible deal. those details when we come back. >> plus what happens to a building when the earth be row it disappea -- below it dispier. >> welcome back. 45 after the hour. let's span the globe to see what's in the headlines overseas. money head to do the war torn country. president obama says that additional humanitarian money will be used for food and clean water. now to china. a massive sink hole swallowing up a huge building complex. that...
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they can tax everybody however much they want there will become a point the government, the panels are going to have to decide well, then we should get a hip for this person, not for this person. what i wish they had done is allowed more competition in the system. because then we could all decide for ourselves whether or not we want to pay for a hip or not. rather than let the government decide for us. >> greg: there should be hips "r" us. i'll take that. take it for a spin. >> buy two get one three. >> bob: this argument is going on before obamacare. i wouldn't bring obamacare in this necessarily. those of white house smoke and are fat. if we will die earlier we is a save you money because you keep people who stay healthy, the runners and marathoners will get old and have alzheimer's. they cost a lot of money. >> eric: it cost money in the five years before you die in healthcare. it's, obviously, obviously proven people who smoke use up a lot of healthcare. >> greg: not really. >> eric: really? >> greg: not really. >> bob: if i drop dead tomorrow, then that means someone who lives old
they can tax everybody however much they want there will become a point the government, the panels are going to have to decide well, then we should get a hip for this person, not for this person. what i wish they had done is allowed more competition in the system. because then we could all decide for ourselves whether or not we want to pay for a hip or not. rather than let the government decide for us. >> greg: there should be hips "r" us. i'll take that. take it for a spin....
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the reach is not officially clear whether it's related to unpaid taxes or accusations that the doctor gave improper benefited to senator. just minutes ago, senator menendez acknowledged that he did indeed travel on the doctor's plane, but says they were legal, and again, staffers say that the trips were legal. on the website, the daily caller, back in november, it published an interview with hookers in the dominican republic, saying that menendez paid them for sex at the mansion. and the senator denies those claims. pleaded guilty of give $20,000 in donations. he claims that he gave that money to charity. with us now, it looks like a lot of things are part-timing up on bob. guest: it looks like things are piling up on the senator, it is illegal to travel to another country, to have sex with someone under the age of 18, even if the sexual encounter there is lawful. prostitution is lawful in the dominican republic, but not with children under the age of 16. and so age here is very important. and as you pointed out, shep, the senator denies that he patronized prostitutes without getting
the reach is not officially clear whether it's related to unpaid taxes or accusations that the doctor gave improper benefited to senator. just minutes ago, senator menendez acknowledged that he did indeed travel on the doctor's plane, but says they were legal, and again, staffers say that the trips were legal. on the website, the daily caller, back in november, it published an interview with hookers in the dominican republic, saying that menendez paid them for sex at the mansion. and the...
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raiding the doctor's office because he has, there is an $11 million lien that he is not paying his taxes. there may be questionable contributions gip on >> kimberly: there are e-mails posted and they may corroborate the information given from the e-mail to ti tipster. >> dana: i am just listening. i'm cautious when it comes to getting in front of the f.b.i. let them do their investigation. it was reported in the "miriam herald" today -- miami herald" today. comment about the press. it's dangerous when you decide who is and is not a reporter. one that you would or would not deal with. when the dan rathertory broke about the documents being forged that was not because of intrepid reporter. take your pick of any of the big papers. it would be depicted as a blogger in the pajamas. he found that. stories pop up anywhere. journalists work for liberal or conservative newspapers or has conservative news editorial page. you bet every pay attention to all of them because where there is smoke, there is fire. >> kimberly: as a smoke and fire this morning the only place reporting it was fox news. bec
raiding the doctor's office because he has, there is an $11 million lien that he is not paying his taxes. there may be questionable contributions gip on >> kimberly: there are e-mails posted and they may corroborate the information given from the e-mail to ti tipster. >> dana: i am just listening. i'm cautious when it comes to getting in front of the f.b.i. let them do their investigation. it was reported in the "miriam herald" today -- miami herald" today. comment...
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. >> sean: we're giving these jets free and tanks free and giving them $1.5 billion tax payer dollars. >>> we have to understand it's not a theology, it's an ideology and historically it's been militant. any time you have an islamic theocracy, it is going to not be tolerant of western secularism and it's going to be oppressive. they are very open about declared aggressiveness of being an enemy to our way of life. so why do we want to aid our enemies? >> sean: we aided him in coming to power which was naive. you think the abrams tank portion of this deal is worst of it. you flew f-16s? >> it's a formidable weapon. air to ground, air to air fighting, no tactical fight they're has has all sorts of weapons to employ but i'm confident with the israeli force system to deal with the egyptian air force. what concerns me is delivering more abrams tanks and there is over 200 abrams tanks going to the egyptian that would steam roll through the desert and be a threat to israel's southern flank. i don't think we should allow that to happen. >> sean: remember israel was surrounded on all sides. the
. >> sean: we're giving these jets free and tanks free and giving them $1.5 billion tax payer dollars. >>> we have to understand it's not a theology, it's an ideology and historically it's been militant. any time you have an islamic theocracy, it is going to not be tolerant of western secularism and it's going to be oppressive. they are very open about declared aggressiveness of being an enemy to our way of life. so why do we want to aid our enemies? >> sean: we aided him...
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. >> maybe they want to continue living illegally and not paying taxes and enjoying all the benefits. uma: juan, do you think this the end it will be a big showdown with the president and congress over this security issue? >> it could be. but i don't think that either side wants it to slow down this process. i think we are on a fast track, uma. i think that both republicans and democrats see political advantage to getting a deal done and want it done. i think that's why senator rubio has been able to persuade so many people on the right and some -- he's a tea party favorite that this is the time to get it done, and i think from the president's perspective it's key to his legacy to his second term agenda. uma: on the other side of this, from the g.o.p. if they do get a deal done this will hopefully operate door for more hispanics to take a second look at the g.o.p. >> absolutely. what bothers me. we are on a fast track. how much will this cost. how much will we add to medicare. social security, food stamps and so on. we will ram this through likely did with healthcare and three years f
. >> maybe they want to continue living illegally and not paying taxes and enjoying all the benefits. uma: juan, do you think this the end it will be a big showdown with the president and congress over this security issue? >> it could be. but i don't think that either side wants it to slow down this process. i think we are on a fast track, uma. i think that both republicans and democrats see political advantage to getting a deal done and want it done. i think that's why senator...